https://www.taxtmi.com/caselaws?id=344120 The Tribunal allowed the assessee's appeal, dismissing the AO's disallowance under Section 14A of the Income Tax Act for both assessment years. The Tribunal upheld the computation of book profit under Section 115JB in favor of the assessee, referencing relevant case law. Additionally, the Tribunal affirmed the set off of speculation losses, rejecting the AO's contention on the carry-forward limit. The appeals were concluded in favor of the assessee for both assessment years, with the decision announced on May 31, 2017. en-us Wed, 31 May 2017 00:00:00 +0530 Wed, 07 Jun 2017 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344120 The Tribunal allowed the assessee's appeal, dismissing the AO's disallowance under Section 14A of the Income Tax Act for both assessment years. The Tribunal upheld the computation of book profit under Section 115JB in favor of the assessee, referencing relevant case law. Additionally, the Tribunal affirmed the set off of speculation losses, rejecting the AO's contention on the carry-forward limit. The appeals were concluded in favor of the assessee for both assessment years, with the decision announced on May 31, 2017. Case-Laws Income Tax Wed, 31 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344120